Will families pay Income Tax on money received from employer or others after Covid death? Check new rule

TAX

The Central Government on Friday (June 25) announced tax relief for families of those who have lost their lives due to Covid-19 since FY 2019-20. The Government has decided to provide income tax exemption on any amount received by the family of an employee from the employer. Also, exemption up to Rs 10 lakh has been provided for any amount received from any other person other than the employer.

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